BT Calculator
Balance Transfer Calculator
Compare your existing loan against a proposed balance transfer to see the indicative difference in EMI, interest still payable, and your estimated net saving after transfer charges.
Your Existing Loan
Enter the loan you are currently repaying. The current EMI is worked out from these three figures.
₹50,00,000 · 50 Lakh
10% per annum
15 years · 180 instalments
Your Current EMI
₹53,730
Calculated from your outstanding amount, rate and remaining tenure.
Proposed Balance Transfer
Enter the terms being offered on the new loan, along with any transfer or processing charges.
8.5% per annum · 1.5% lower than your current rate
15 years · 180 instalments
₹25,000 · 0.5% of the outstanding amount
Estimated Net Saving
Current EMI ₹53,730. New estimated EMI ₹49,237. Monthly saving ₹4,493. Interest still payable ₹46,71,446 now versus ₹38,62,656 after transfer. Estimated net saving ₹7,83,790 after ₹25,000 of charges.
₹7,83,790
over the proposed 15 years, after charges
- Your Current EMI
- ₹53,730
- New Estimated EMI
- ₹49,237
- Potential Monthly Saving
- ₹4,4938.4%
Interest Still Payable
Current Loan: ₹46,71,446 interest. Proposed Loan: ₹38,62,656 interest.
- Gross interest saving
- ₹8,08,790
- Processing / transfer charges
- − ₹25,000
- Estimated net saving
- ₹7,83,790
Charges recovered in 6 months of monthly saving.
Want to explore your balance transfer options?
Talk to Sidhvik FinSol about your existing loan and potential savings.
This calculator provides an indicative estimate based on the information entered. Actual interest rates, EMI, charges, savings and repayment terms may vary based on the lender's assessment and applicable terms.
- Processing, transfer, legal and valuation charges vary between lenders and may attract GST.
- Foreclosure or prepayment terms on your existing loan may affect the actual benefit.
- Savings shown are estimates for illustration only and are not an offer or approval.